Mayor of Baltimore v. Baltimore Trust Corp.

The Mayor and City Council of Baltimore, on February 24th, 1938, had a deposit account, in the name of the City Collector, with the Baltimore Trust Company, and the balance then credited to the account was $130,032.93. On that day the Trust Company issued treasurer’s checks to the City Collector for amounts aggregating $45,935.94. The checks represented tax collections made by the Trust Company for the City. Because of the Governor’s proclamation of successive bank holidays, the Trust Company was closed from February 25th to March 4th, 1933, when it came under the custody and control of the…